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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,500,000

Est. payment | -/mo

Save

$ 1,500,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID C1-10784

HOA Y/N No

Year Built 1887

Property Sub-Type Retail

Property Description

For the first time in more than 50 years, a key investment property in downtown Mendocino is available for purchase by an investor or potential owner user looking for a spot to establish a new business location. This historic property, known as Kellieowen Hall, is located on the southwest corner of Lansing and Ukiah streets at the center of the Village of Mendocino. It was built in 1887 by William H. Kelley and has served as the hub of the business district activity in the community. The five-tenant building is a touchstone for locals and tourists alike. The property offers 5,780 +-sq. ft. of rentable building area and is 100% leased and occupied. The building is anchored by two established major tenants with frontage at the corner of Lansing and Ukiah streets. The Study Club and Study Club Men's with its focus on offering high-end and unique apparel are two of the most visible businesses in Mendocino. Additional tenants include a book store, established real estate brokerage company, and newly leased interior unit. The south side of the building includes a 2,000+- sf decking that provides a walkway to nearby properties and an outdoor area for use by customers and businesses alike. Grossing over $135,000 per year, the Kellieowen Hall offers the opportunity not only to own a piece of Mendocino history, but to secure an excellent investment as well. Businesses are not for sale.

Location

State CA

County Mendocino

Area Mtw - Mendocino Town West

Zoning MC

Interior

Heating Heat Pump

Cooling None

Fireplace No

Laundry None

Exterior

Fence Partial

Utilities Available Sewer Connected

Roof Type Composition

Present Use Commercial

Building

Lot Description Sprinklers None

Dwelling Type Retail

Water Well

Others

Tax ID 1192360700

Special Listing Condition Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Sarah Schoeneman Mendo Sotheby's International Realty (510) 418-0070, DRE #01383401

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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10470 Lansing ST Mendocino, CA 95460